BTA biota holdings limited

bta chart, page-7

  1. 677 Posts.
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    Hi lenzj010,

    Descending triangle pattern developing. Breakout confirmed once we get close/consolidation above $1.30. If breakout fails, I would look for support at around $1.05 to hold.
    Traditional technical analysis suggests an upside target of closer to $2.05, not $1.60. So if you already hold and the breakout takes place, you might be sitting pretty.

    All the best

 
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